| Board members carry a fiduciary duty, meaning they must act in the best interest of their community. 1. Duty of Care Make informed decisions using sound judgment and due diligence. 2. Duty of Loyalty Avoid conflicts of interest and act in the association’s best interest. 3. Duty to Act Within the Scope of Authority Board actions must align with governing documents and Florida law. 4. Legal Implications Failure to uphold fiduciary duties can lead to lawsuits, penalties, and personal liability. Conclusion Proper education and management support protect your board and your community. **Let our experienced managers guide your fiduciary compliance.** |
